Jay-Z's leaving Def Jam for a Live Nation contract that covers his music and related ventures for the next 10 years. The perks:
- $25 million up front
- $10 million advance per album for a minimum of three
- $25 million for tours
- $20 million for publishing, licensing and other rights
"I've turned into the Rolling Stones of hip-hop," he quipped.
The tide it is a-turning. For record labels, anyway. Jay-Z's the same old Jay-Z -- ahead of the curve. Which you can afford to be when you're among the few rappers not convinced that "staying real" means never quite cashing in.
1 comment:
And the floodgates will open now, signing musicians like free agents in sports.
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